منابع مشابه
Costly Coasean Bargaining and Property Right Security
This paper examines how transaction costs affect Coasean bargaining with secure and insecure property rights in the lab. Consistent with the theory that secure property rights lowers the cost of non-cooperation, we find that bargaining efficiency is inversely related to property right security. Less secure property rights increased economic efficiency twofold. Property owners with secure rights...
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Is Internet an ideal model for a self-regulated economy? It seems possible to decentrally organize and render enforceable a property rights system on which inter-individual negotiations could be based. Moreover, traditional State intervention is no longer operable since Internet users can bypass the usual regulatory frameworks. At the same time, the longterm sustainability of the competitive pr...
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ژورنال
عنوان ژورنال: Nature
سال: 1996
ISSN: 0028-0836,1476-4687
DOI: 10.1038/383367b0